Community Investment Fund

Lousiana’s

Our investments have contributed to healthy food access, affordable rental and ownership housing, small businesses, and commercial real estate including retail, industrial and office space.

Since 2008, Foundation for Louisiana has offered investments to leverage and expand the effectiveness of our grant-making strategies. Our loans offer a source of capital to socially conscious Louisiana ventures that find it difficult or impossible to access traditional funding sources. Loans made have been in the form of Program Related Investments (PRIs), which are below-market rate loans to projects aligned with our mission. Building on more than six years of success and lending experience, we have created the Foundation for Louisiana Community Investment Fund to broaden the opportunities for new partnerships with entities also wishing to provide loan produces to their clients while helping to build more community assets. This new approach requires flexibility, offering loans, equity-like investments and credit enhancements to projects and groups aligned with Foundation for Louisiana’s mission.

Currently, you can apply for a bridge loan that’s available to nonprofits in funding for as much as $20,000, through April 28. Download the application form here

A Record of Success

Since 2008, Foundation for Louisiana investments have supported ventures, projects and programs that create jobs, provide economic engines for rebuilding neighborhoods, and lift up people who need help to move their lives forward – all in keeping with our work to ensure Louisiana’s vulnerable communities have greater economic opportunities.

When it comes to resources for community development, Louisiana has historically lagged behind other parts of the country. Foundation for Louisiana helps to fill that gap, as a local philanthropic organization with the capacity and expertise to offer loans that support economic development initiatives.

Our investments have contributed to healthy food access, affordable rental and ownership housing, small businesses, and commercial real estate including retail, industrial and office space.

FFL’s investments fall into five categories:

  • Commercial real estate financing, for ventures addressing fresh food access, small business technical assistance and office space rehab.
  • Housing construction loans and gap financing to support affordable homeownership and rental housing for seniors, families, and those who are emerging from homelessness.
  • Loan guarantee for affordable homeownership construction.
  • Working capital bridge loans for organizations that offer critical services to persons in need, such as finding affordable housing and support services, or supporting farmers’ needs. Also, to help key nonprofits with operating capital in times of need, FFL offers loans of up to $20,000.
  • DBE bond support pool for small DBE construction contractors.

Moving forward with Foundation for Louisiana’s Community Investment Fund

Foundation for Louisiana will continue to grow the Community Investment Fund to serve Louisiana through a broad range of ventures, projects and programs that create jobs, provide economic engines for rebuilding neighborhoods, and lift up people who need help to move their lives forward. Among the fund’s key innovations:

  • For those seeking funds, it offers a “one-stop shop” investment source, aggregating multiple small funding sources in the region to create a powerful new funding resource.
  • It offers a “fund-within-a-fund” opportunity, for organizations in Louisiana that share our mission-driven focus but lack lending expertise and infrastructure to make their own loan investments. These organizations have the opportunity to work with us to develop a mission-driven subsidiary fund to draw on our expertise and financial systems, and to ensure that their investments are effective and financially sound.

COMMUNITY INVESTMENT FUND ADVISORY BOARD
Flozell Daniels, Jr., President & CEO, Foundation for Louisiana
Alexandra Stroud, AIA, LEED AP
Pamela Jenkins, Ph.D.
Mr. Quinn, Conrad N. Hilton Endowed Chair in Entrepreneurship and Assistant Professor of Entrepreneurship at Xavier University of Louisiana

Investors in Foundation for Louisiana’s PRIs have included Ben & Jerry’s Foundation, Bush-Clinton Katrina Fund, The F.B. Heron Foundation, JP Morgan Chase Foundation, The Kresge Foundation, Mary Reynolds Babcock Foundation and W.K. Kellogg Foundation.

For more information about Foundation for Louisiana’s Community Investment Fund, please contact Lydia Cutrer, Director of the Fund, at 225-726-5808 or lcutrer@foundationforlouisiana.org.